Alpha Group International plc (LON:ALPH), a provider of high-tech, high-touch financial solutions to businesses, today announced its audited Full Year Results for the year ended 31 December 2024.
Total revenue increased 23% to £136m (2022: £110m) in 2024. Corporate revenue grew 21% to £63.8m (2023: £52.8m), and Private Markets (formerly “Institutional”) grew 20% to £69.0m (2023: £57.4m). Cobase, the group’s first acquisition, contributed £2.9m of revenue in its first full year of ownership.
Statutory profit before tax increased by 6% to £123.1m (2023: £115.9m). The underlying profit before tax increased by 10% to £47.4m (2023: £43.0m). The underlying organic profit before tax (excluding Cobase) growth was 15%.
Overall headcount increased in the year from 480 to over 524 at 31 December 2024 to support future long-term growth. Importantly, the ratio of front office versus back office staff has increased in both divisions, laying the foundations for future growth. The underlying profit before tax margin, excluding Cobase, reduced slightly to 37% (2023: 39%) due to the company continuing to invest in long-term growth, and the suppressed macro environment. The statutory profit before tax margin remained high at 56% reflecting the net treasury income from client balances.
Underlying basic earnings per share was up 13% at 86.4p (2023: 76.7p), whilst statutory basic earnings per share was up 5% at 215.7p (2023: 206.2p).
During 2024 Alpha Group announced two share buyback programmes of up to £20m. The first programme completed in June 2024. As at 31 December, £10m of the second programme had also been completed. As at 18 March 2025, a further £4m of the second programme had been completed.
Following the strong full-year results, the Board declared a final dividend of 14.0p per share (2023: 12.3p). Subject to shareholder approval, the final dividend will be payable to shareholders on the register at 25 April 2025, and will be paid on 23 May 2025. This represents a total dividend for the year of 18.2p per share (2023: 16.0p).
